News

Landmark Links June 30th – Looking at it Wrong

  Lead Story…. There are few issues in the world of real estate that have captured the collective attention of the financial press like that of Millennials and home ownership.  Coming out of the Great Recession, a popular but largely false narrative took hold that Millennials never wanted to be home owners and were content to […]

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Landmark Links May 26th – Backlash

  Lead Story…. Office has been a challenging commercial asset class in which to invest in recent years.  Re-tenanting and maintenance costs are sky high, and market vacancies are often in the double digits even in a good market.  However, perhaps the most challenging aspect of investing in traditional office space (there are subsets like medical […]

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Landmark Links May 23rd – Amateurs

  Lead Story…. I’ve written a lot over the past couple of years about how home building has not kept up with demand – especially along the coasts – and how it’s contributing to a massive affordability crisis. I’ve also noted how institutional buyers purchasing large home portfolios to rent and people staying in their homes longer, […]

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Landmark Links May 19th – Peniaphobia

  Lead Story….  Economic health is highly intertwined with demographic trends.  As people age they enter different saving and spending cycles that are fairly historically well established.  Generally speaking, people tend to save money during their peak employment years and spend that money in retirement.  The consumption of retirees boosts the economy which, leading to more […]

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Does Single-Family Fit Into A Dense L.A.?

LOS ANGELES—Density is coming to Los Angeles, but in a city known for its sprawl, how will single-family homes survive the shift toward density? The small lot ordinance—which was recently revised by a group of architects assembled by the city—has helped provide both density and single-family for-sale housing. Projects in this development niche have also […]

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Landmark Links May 16th – Catch Up

  Lead Story…  Over the past few years, I’ve often turned to the following chart from Calculated Risk as a guidepost for the US economy in general and the housing market in particular: Possibly the most under-discussed aspect of the housing crash is that it happened during a period of economic headwinds from a contraction of the prime […]

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Landmark Links May 12th – Round We Go

  Lead Story… Human beings are incredibly adept at explaining things by creating narratives to justify why something increases or decreases in value.  During the housing boom, we rationalized away booming housing prices by pointing out the positive feedback loop created by increased housing production and expenditure.  Houses were going up in price so people bought more houses and […]

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Landmark Links May 9th – Stick to Your Knitting

  Lead Story… I was reading the Wall Street Journal this weekend and came across a story that reminded me of some of the best advice that I ever received: work hard enough at something to become an expert and then stick with what you know.  The WSJ story was written by Rob Copeland and Peter […]

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Family Development Acquires Infill Site in W. Hollywood

Will build 24 single-family detached units smack in the middle of everything. Family Development, the home building partner of Advent Property Holdings, LLC. with offices in Palm Desert, Ca., has obtained $14.8 million in AD&C financing to acquire and develop an approximately 0.81-acre assemblage and construct 24 single-family detached units located at the southeast corner […]

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Landmark Links May 5th – Sticker Shock

  Lead Story… Mortgage delinquencies and foreclosures have declined dramatically since the end of the Great Recession.  Per Calculated Risk, the combined percentage of home mortgages that are delinquent or in foreclosure has dropped to 4.5%, after peaking at over  10% back in 2010.  However, there is one mortgage artifact of the housing bubble that is still […]

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